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Tax Smoothing Hypothesis: A Turkish Case

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dc.contributor.author Turan, Taner
dc.contributor.author Karakas, Mesut
dc.contributor.author Yanikkaya, Halit
dc.date.accessioned 2019-11-04T10:31:38Z
dc.date.available 2019-11-04T10:31:38Z
dc.date.issued 2014
dc.identifier.citation Turan, T., Karakas, M., & Yanikkaya, H. (2014). Tax Smoothing Hypothesis: A Turkish Case. Panoeconomicus, 61(4), 487-501. https://doi.org/10.2298/PAN1404487T tr_TR
dc.identifier.issn 1452-595X
dc.identifier.issn 2217-2386
dc.identifier.uri http://openaccess.adanabtu.edu.tr:8080/xmlui/handle/123456789/503
dc.identifier.uri https://doi.org/10.2298/PAN1404487T
dc.description WOS indeksli yayınlar koleksiyonu. / WOS indexed publications collection.
dc.description.abstract We tested the tax smoothing hypothesis for Turkey using annual data for the period of 1949-2010. Although our preliminary estimation results imply the existence of the weak form of tax smoothing for Turkey, further tests indicate the violation of exogeneity of permanent government spending, which is a requirement for the tax smoothing hypothesis to hold. Our causality tests indicate that permanent government spending is not exogenous due to the causality running from lagged tax rates to permanent government spending. Therefore, we conclude that our results provide evidence against the tax smoothing hypothesis. Our results are important because the existence of random-walk behavior of the tax rates alone or some preliminary regressions do not guarantee the existence of tax smoothing. tr_TR
dc.language.iso en tr_TR
dc.relation.ispartofseries 2014;Volume: 61 Issue: 4
dc.subject Tax smoothing hypothesis tr_TR
dc.subject Random walk
dc.subject Co-integration
dc.subject Beveridge-Nelson decomposition
dc.subject Kalman filter
dc.title Tax Smoothing Hypothesis: A Turkish Case tr_TR
dc.type Article tr_TR

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